The Current Events, News, and Politics Thread
03-22-2012, 09:09 AM
#1682
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Also, if anything, Obama and Congress saved you a bunch of money by extending the Bush tax cuts...
PS - We need a "Troll face" smiley on this board...
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03-22-2012, 01:55 PM
#1688
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Originally Posted by US Treasury Press Release
Link
Treasury Completes Wind Down of Mortgage-Backed Securities Investment, Generates $25 Billion Positive Return for Taxpayers
3/19/2012
WASHINGTON – Today, the U.S. Department of the Treasury announced the completion of the orderly wind down of its agency-guaranteed mortgage-backed securities (MBS) portfolio, which it acquired as part of its response to the financial crisis. Overall, Treasury’s MBS portfolio generated a positive return of $25 billion for taxpayers.
Treasury invested $225 billion in MBS during 2008 and 2009 through authority provided to it by Congress under the Housing and Economic Recovery Act of 2008. These MBS purchases helped preserve access to mortgage credit during a period of unprecedented market stress. Overall, taxpayers received total cash returns of $250 billion from this MBS portfolio through sales, principal, and interest – $25 billion more than their initial investment.
[...]
Treasury Completes Wind Down of Mortgage-Backed Securities Investment, Generates $25 Billion Positive Return for Taxpayers
3/19/2012
WASHINGTON – Today, the U.S. Department of the Treasury announced the completion of the orderly wind down of its agency-guaranteed mortgage-backed securities (MBS) portfolio, which it acquired as part of its response to the financial crisis. Overall, Treasury’s MBS portfolio generated a positive return of $25 billion for taxpayers.
Treasury invested $225 billion in MBS during 2008 and 2009 through authority provided to it by Congress under the Housing and Economic Recovery Act of 2008. These MBS purchases helped preserve access to mortgage credit during a period of unprecedented market stress. Overall, taxpayers received total cash returns of $250 billion from this MBS portfolio through sales, principal, and interest – $25 billion more than their initial investment.
[...]
Mindbender: US Treasury making a $25 billion "profit for taxpayers" is equivalent to "taxing $25 billion out of the private sector."
Last edited by Braineack; 10-08-2019 at 09:48 AM.
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03-22-2012, 03:53 PM
#1690
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The U.S. government has awarded appliance-maker Philips $10 million for devising an “affordable” alternative to today’s standard 60-watt incandescent bulb. That standard bulb sells for around $1. The Philips alternative sells for $50. Of course, the award-winner is no ordinary bulb. It uses only one-sixth the energy of an incandescent. And it lasts 30,000 hours–about 30 times as long. In fact, if you don’t drop it, it may last 10 years or more. But only the U.S. Government (in this case, the Department of Energy) could view a $50 bulb as cheap.
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03-22-2012, 04:40 PM
#1691
I'm basing this rant on the assumption that the above is in reference to alimony.
Women want equality, to be payed the same as men for doing the same work. Excellent. If a marriage doesn't work out that sucks, really. But why the F*CK should that entitle somebody to their exes cash? (not talking about child support).
Women want equality, to be payed the same as men for doing the same work. Excellent. If a marriage doesn't work out that sucks, really. But why the F*CK should that entitle somebody to their exes cash? (not talking about child support).
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03-22-2012, 04:51 PM
#1692
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I'm basing this rant on the assumption that the above is in reference to alimony.
Women want equality, to be payed the same as men for doing the same work. Excellent. If a marriage doesn't work out that sucks, really. But why the F*CK should that entitle somebody to their exes cash? (not talking about child support).
Women want equality, to be payed the same as men for doing the same work. Excellent. If a marriage doesn't work out that sucks, really. But why the F*CK should that entitle somebody to their exes cash? (not talking about child support).
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03-22-2012, 05:02 PM
#1694
Someone subtract avg inflation over those 3 years from 3.8% - how many percentage points does that leave us with?
I wonder how much provit a decently run private company could make with $225 billion - surely, they wouldn't be able to beat that percentage above!! Way to go government!!
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03-22-2012, 06:16 PM
#1696
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- I think it's closer to a 3.01% annualized number.
- CPI (including energy and food) averaged 1.6% from 2008-09-01 through 2012-02-01 (most recent data). Ex-F&E was 1.5%
Originally Posted by fooger03
I wonder how much provit a decently run private company could make with $225 billion - surely, they wouldn't be able to beat that percentage above!! Way to go government!!
The difference is that they bought those bonds at a discount and made a profit - essentially removing $25 billion from the private sector. It was the equivalent of tightening monetary policy from that perspective.
I'm basing this rant on the assumption that the above is in reference to alimony.
Women want equality, to be payed the same as men for doing the same work. Excellent. If a marriage doesn't work out that sucks, really. But why the F*CK should that entitle somebody to their exes cash? (not talking about child support).
Women want equality, to be payed the same as men for doing the same work. Excellent. If a marriage doesn't work out that sucks, really. But why the F*CK should that entitle somebody to their exes cash? (not talking about child support).
Now, Mrs. Cleaver has to go out in to the job market in her 40s with no real practical job experience and nothing but a 20-year old bachelor's degree.
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03-23-2012, 12:36 PM
#1698
But now that 1.5% that OPEC was getting is now going to US companies.
At least that's my theory.
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03-24-2012, 12:03 AM
#1700
http://www.traditionalvalues.us/HC_P...FUUHRQodxX2B2g
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What the ----? This is now an election event?
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What the ----? This is now an election event?
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